Instuitional Investor - Sycale Advisors (ny) Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustPUT	SPY	94,300	$52,750,477	14.53%
2.	C A E Inc	CAE	1,233,825	$30,339,757	8.36%
3.	Nelnet Inc	NNI	222,871	$24,723,080	6.81%
4.	Burford Capital Ltd	BUR	1,806,988	$23,870,311	6.58%
5.	Microsoft Corp	MSFT	56,775	$21,312,767	5.87%